Discussion about this post

User's avatar
Charlie's avatar

It, whatever must be backed by something tangible physical real observable and public by visible means. Precious metals was the standard until 1971.

Imagine hackers hacking or power outages.

Hmmm.

Nothing no matter what will last as humans being humans will Always find a way to corrupt any monetary system devised.

Simple truths.

Gold backed, limited monetary growth only lasted so long. Here we are again with a new system. Gotta laugh…

Expand full comment
VinnyBee's avatar

Not so sure programmable, surveilable, and seizable currency (e.g., StableCoin) is the greatest of ideas. See 2:15 here: https://www.youtube.com/watch?v=s7pSoM2mEnw

Expand full comment
2 more comments...

No posts